The Market Has Finally Chosen To Make A Breakthrough.

On Wednesday's close, the Shanghai stock index fell 0.11% to 2913.51 points, the Shenzhen Composite Index rose 0.48% points to 10209.14 points, and the growth enterprise market rose 0.42% to 2168.82 points.

The first trading day in June showed a weak trend overall.

The hot spot in the market, lithium batteries, integrated circuits, sub shares and other efforts again today, and yesterday led the market to strengthen the financial sector led today.

On the disk, lithium batteries, integrated circuits, titanium dioxide, sapphire, semiconductors,

Other sectors such as securities, banks, insurance, telecommunications services, shipping and other sectors fell.

Yesterday, after a narrow row,

Finally, we choose to make a breakthrough in volume and make up for the gap left by May 9th.

After yesterday's big rally, the 2900 points of the whole market stood at a profit margin and the pressure on the top of the market. But today's trading volume remains at a high level, which is a positive message.

In addition, the market is generally expected that A shares will be included in the MSCI emerging market index in June.

Once the A share index is successfully incorporated into MSCI, A shares will have considerable cross-border capital.

On the news side, May 30th, it was reported that

It is expected that before the end of June, Hongkong will return to 19th anniversary, and at the same time, it will also lead the internationalization of RMB into a new stage of acceleration.

In addition, with the implementation of the National Social Security Fund Ordinance, according to the needs of the work, the new pension management department and the pension accounting department of the social security fund have entered the second stage of the written examination, and the written examination is scheduled for June 4th, and then will enter the interview.

From this perspective, recruitment should end in June, and hundreds of billions of pensions will enter the market in August.

However, at present, Shanghai's correction is close to the 60 day moving average, and there is a certain pressure to continue upward. We should pay close attention to the breakthroughs in the short term and the next pressure level at the 3000 point integer pass.

Specific operations, for too large stocks can be reduced appropriately, to prevent rapid callback trend.

For medium and long term investors, as long as the quality of their performance is excellent, they can hold shares to wait for the new breakthrough of stock index, even if the latter stock index is down, they can also hold safely, waiting for the bright news of June.

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Today, the index has entered the familiar narrow shock again. Is the cross star trend "air refueling" or "passion exhaustion"? Theoretically, the cross star after Changyang can be understood more as the digestion of the empty side.

Fortunately, the current quantity is good, so long as the current quantity can last for more than 3 days, the short-term mood of the market is expected to be reversed.

In our view, from the technical point of view, there should be at least three conditions for the future market: 1, if the strong rebound in the insurance market of yesterday's securities business has opened up the curtain of the current valuation recovery market, then the securities insurance sector must maintain a strong trend, and drive the index to break through the key points. 2, trading volume is directly determined by the market's ups and downs. Therefore, if we want to form a wave of intermediate rebound, at least there should be more than 300 billion of the tide volume. At the same time, 3, the national team must withdraw from the market. Now the Chinese stock market is still moving the national team to save the market, which is not in line with the principle of marketization. Only by withdrawing from the massive rescue market and giving the market to the market can we effectively mobilize the market funds and form a large-scale increase. But this does not mean that yesterday's Changyang launched an intermediate rebound.

Therefore, our Guangzhou Bandung believes that selecting stocks is the best policy before the nature of the market can not be reached.

We believe that even if there are 15 cross bars in May, there are still 35% of the stocks that can make money on the basis of no new shares. In June, when the intermediate rebound is the foundation, we can take the initiative to attack the stocks that can be attacked and withdraw, or we can get more returns.

Looking at the two cities, we find that the two varieties are expected to become the vanguard of rebound.

First, the "ten pieces of soil" are officially released in May, which is in line with market expectations.

Taking into account that the market has just met the incremental funding and the target has not been very good performance, the recent funding is expected to focus on the concept of soil remediation.

Two, the "two level special" project has been rumored to be launched. According to the current progress, it should lag behind market expectations.

On the occasion of the restoration of risk appetite in the market, the resilient varieties like the "two level special" concept are expected to gain larger room for the news stimulus.